BankUnited PT Raised to $35.00 (BKU)
Equities researchers at Guggenheim boosted their price target on shares of BankUnited (NYSE:BKU) from $34.00 to $35.00 in a research report issued on Monday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target points to a potential upside of 12.58% from the stock’s previous close.
A number of other analysts have also recently weighed in on BKU. Analysts at Deutsche Bank reiterated a “hold” rating on shares of BankUnited in a research note to investors on Wednesday, October 2nd. They now have a $31.00 price target on the stock, up previously from $29.00. Separately, analysts at Zacks upgraded shares of BankUnited from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 19th. They now have a $34.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “hold” rating on shares of BankUnited in a research note to investors on Monday, September 16th. They now have a $30.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. BankUnited has a consensus rating of “Buy” and a consensus target price of $32.86.
Shares of BankUnited (NYSE:BKU) traded down 0.26% on Monday, hitting $31.09. The stock had a trading volume of 202,266 shares. BankUnited has a 1-year low of $22.01 and a 1-year high of $31.47. The stock has a 50-day moving average of $30.52 and a 200-day moving average of $27.50. The company has a market cap of $3.131 billion and a price-to-earnings ratio of 15.05.
BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, July 24th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.09. The company had revenue of $164.05 million for the quarter, compared to the consensus estimate of $172.11 million. During the same quarter last year, the company posted $0.48 earnings per share. BankUnited’s revenue was up 12.5% compared to the same quarter last year. Analysts expect that BankUnited will post $1.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, September 27th.
BankUnited, Inc (NYSE:BKU) is a bank holding company with three wholly owned subsidiaries: BankUnited, National Association (the Bank) Herald National Bank (Herald), and BankUnited Investment Services, Inc (BUIS), collectively, the Company.
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